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REPORT ABUSIVE REPLY
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Message Subject
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3 fatal flaws with digital crypto currencies in their present form....
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Poster Handle
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Duncan the destroyer |
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Post Content
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I'll try to explain in a very simple way the reason why bitcoin is worth so much.
The reason the value of bitcoin is worth so much is not in the bitcoin itself, but in the technology behind the bitcoin that is called blockchain.
Blockchain is basically the internet 2.0
Now go do your research on what the blockchain is because I will not be spoon feeding you.
That's the basics that a person should know before talking about it.
Now the question "Is bitcoin in a bubble?"
The answer is: Yes, it is possible that it is in a bubble simply because of the amount of people who are buying without even knowing what the blockchain is.
Quoting: FeraNenem So where does this all end?? a one world currency where people are their own banks? really think hard about what will happen should this happen. Please let me know what you think is the future,I'm truly interested to know. Where it will end, I do not know. What I know are two things. 1) This is the future and there is no turning back. So it's good to get used to it. 2) There is a risk, and the risk is not in bitcoin. The risk lies in some government like the Russian and the Chinese deciding to destroy the bitcoin by manipulating the market causing overvaluation and then dropping close to a thousand dollars and holding the value in this range while launching another currency to compete with bitcoin. If that happens we will all be very fucked up because they will have control over people's money and can decide if they can buy, sell or even know where they use the money. So I think it's good that everyone starts to support Bitcoin that do not have developers who can handle your money while it's time before anyone comes up with this idea. You seem very smart,why are you naive to the possibility that this is being implemented by the very people you want to be free from? Why has there been no blow back about Bitcoin from the major financial institutions running the country? Do you really think the government is going to roll over and give people complete control of their money? Money to the government is like blood to a vampire,think about it! the less resistance bitcoin gets from above the more obvious it is that they are controlling this whole fiasco.
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